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Cost of Capital in Japan : Update
Oleh:
Frankel, Jeffrey A.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 26 no. 2 (1991)
,
page 25-32.
Topik:
cost of capital
;
cost of capital
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This article reviews findings on the japanese cost of capital in the 1980 s. These findings include evidence of liberalization and other structural trends that have been underway in japanese financial markets for some years, accelerated to a certain extent by pressure from the U. S. treassury. It then seeks to update the analysis to reflect the developments of 1990. The conclusion is that the increase in real interest rates and the accompanying fall in the stock market in japan have been great enough virtually to eliminate the difference in the cost of capital vis - a - vis the united states. This still leaves open the question whether or not this recent development is "good news", and what american policy should be in talks with the japanese government on financial policy.
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